Tag: Cash

Invention And History Of The Cash Register, is going to be today’s post here in Discover My Inventions, cash register what an invention it has been, cash register is a device that was invented in the 1800s and is used every few seconds 24 hours a day and 7 days a week.

The cash register, is also referred to as a till in the United Kingdom and other Commonwealth countries, is a mechanical or electronic device for registering and calculating transactions at a point of sale. It is usually attached to a drawer for storing cash and other valuables. The cash register is also usually attached to a printer, that can print out receipts for record keeping purposes.

An early mechanical cash register was invented by James Ritty and John Birch following the American Civil War. James was the owner of a saloon in Dayton, Ohio, USA, and wanted to stop employees from pilfering his profits. The Ritty Model I was invented in 1879 after seeing a tool that counted the revolutions of the propeller on a steamship, with the help of James’ brother John Ritty, they patented it in 1883.

It was called Ritty’s Incorruptible Cashier and it was invented for the purpose to stop cashiers of pilfering and eliminating employee theft or embezzlement, early mechanical registers were entirely mechanical, without receipts. The employee was required to ring up every transaction on the register, and when the total key was pushed, the drawer opened and a bell would ring, alerting the manager to a sale taking place. Those original machines were nothing but simple adding machines.

Since the registration is done with the process of returning change, according to Bill Bryson[6] odd pricing came about because by charging odd amounts like 49 and 99 cents (or 45 and 95 cents when nickels are more used than pennies), the cashier very probably had to open the till for the penny change and thus announce the sale.

So that’s it for now I’m Randy Johnson Thanks For Stopping By And Being A Great Part Of Discover My Inventions.

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Invention And History Of Money is today’s post here in Discover My Inventions, money who can never get enough of it the answer is no one can, everyone some form or fashion has said I can always use a little extra cash money, but yet where did it all start, anatolian obsidian as a raw material for stone-age tools was distributed as early as 15,000 BCE, with organized trade occurring in the 9th millennium.

Cauvin; Chataigner 1998 In Sardinia, one of the four main sites for sourcing the material deposits of obsidian within the Mediterranean, trade in this was replaced in the 3rd millennium by trade in copper and silver,as early as 9000 BCE both grain and cattle were used as money or as barter (Davies) (the first grain remains found, considered to be evidence of pre-agricultural practice date to 17,000 BCE.

Money is one of the most powerful’s tools in the world, and used for so many different things good and bad, as a lot of people uses that phrase money talks, money can be one of the most dangerest tools on the face of the earth and is known to mankind, and it’s practically impossible to live without it for everything someway somehow has a price tag to it, money goes back a long ways when it started by valuable objects was turned into money such as gold and silver coins.

The United States one-dollar bill ($1) is a denomination of United States currency, the first U.S. President (1789–97), George Washington, painted by Gilbert Stuart, is currently featured on the obverse (front), and the Great Seal of the United States is featured on the reverse, the one-dollar bill has the oldest design of all U.S. currency currently being produced.

The design seen today debuted in 1963 when it was first issued as a Federal Reserve Note previously, one dollar bills were Silver Certificates, the inclusion of the motto, In God We Trust, on all currency was required by law in 1955, and first appeared on paper money in 1957, an individual dollar bill is also less formally known as a one, a single, a buck, a bone, and a bill the Federal Reserve says the average life of a $1 bill in circulation is 5.8 years before it is replaced because of wear, approximately 42% of all U.S. currency produced in 2009 were one-dollar bills.

So that’s it for now I’m Randy Johnson Thanks For Stopping By And Being A Great Part Of Discover My Inventions.

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